Your new experience awaits. Try the new design now and help us make it even better

ORIGINAL RESEARCH article

Front. Public Health, 11 August 2025

Sec. Health Economics

Volume 13 - 2025 | https://doi.org/10.3389/fpubh.2025.1597550

This article is part of the Research TopicImmunization Economics: Balancing Costs, Outcomes, and Equity in Public HealthView all articles

Multinational cost-effectiveness analysis of pembrolizumab combined with chemotherapy as first-line treatment for advanced biliary tract cancer

Yuxuan Xie,Yuxuan Xie1,2Quanyi LiuQuanyi Liu1Shanrui Xiao,Shanrui Xiao1,2Xia LiXia Li1Lin QiuLin Qiu1Yun Gu
Yun Gu1*
  • 1Department of Pharmacy, The First Affiliated Hospital of Dali University, Dali, China
  • 2College of Pharmacy, Dali University, Dali, China

Background: Immunotherapy is a promising treatment for advanced biliary tract cancer. However, the cost-effectiveness of pembrolizumab combined with gemcitabine and cisplatin remains unclear across different healthcare systems. This study evaluates its international cost-effectiveness in four countries.

Methods: A partitioned survival analysis model was developed using data from the KEYNOTE-966 trial to compare costs, quality-adjusted life years (QALYs), and incremental cost-effectiveness ratio (ICER) of pembrolizumab plus gemcitabine and cisplatin versus gemcitabine and cisplatin alone, from the healthcare system perspective of China, Japan, the United States, and Switzerland. Sensitivity and scenario analyses were used to identify key factors influencing the ICER.

Results: The base-case analysis showed that pembrolizumab plus gemcitabine and cisplatin provided additional quality-adjusted life year gains of 0.14 in China, Japan, and the United States, and 0.15 in Switzerland. The incremental cost-effectiveness ratios in all four countries exceeded their respective willingness-to-pay thresholds, indicating limited cost-effectiveness. Sensitivity analysis identified drug price and utility value of progression-free survival as key factors. In the United States, Japan, and Switzerland, an 80–95% reduction in pembrolizumab’s price was necessary for cost-effectiveness, while in China, a reduction greater than 95% was required.

Conclusion: Despite clinical benefits, pembrolizumab combined with chemotherapy for advanced biliary tract cancer is not cost-effective at current prices and willingness-to-pay thresholds. Adjusting drug pricing and healthcare policies is crucial for enhancing the global economic viability of this treatment strategy.

1 Introduction

Biliary tract cancer (BTC) encompasses intrahepatic cholangiocarcinoma, perihilar and distal cholangiocarcinoma, and gallbladder cancer, characterized by its aggressive nature and poor prognosis (1). Due to the obvious heterogeneity of BTC and its subtle clinical symptoms (2), more than 70% of patients are diagnosed at an advanced stage, which limits the available treatment options. The five-year survival rate is below 5%, presenting a considerable challenge for treatment (35).

The incidence of BTC varies greatly worldwide. Countries in East Asia, including China, Thailand, and South Korea, exhibit incidence rates significantly exceeding the global average, approximately 40 times higher than those observed in high-income nations (6). This creates considerable health burdens and results in significant socioeconomic and healthcare system challenges for the country.

Currently, the standard treatment for advanced biliary tract cancer (ABTC) is chemotherapy, specifically gemcitabine combined with cisplatin (GP) (7). Although GP has demonstrated an ability to prolong survival, its efficacy is limited, and it often causes severe side effects (8), such as myelosuppression, gastrointestinal complications, and immune suppression, which adversely impact patients’ quality of life. Consequently, there is a pressing requirement for more efficient treatments with fewer side effects.

Immune checkpoint inhibitors (ICIs) have recently represented a significant advancement in cancer therapy. PD-1 inhibitors (Programmed Cell Death Protein 1 Inhibitor) enhance T-cell-mediated anti-tumor immune responses by blocking the PD-1/PD-L1 pathway (9). Pembrolizumab, a PD-1 inhibitor, has demonstrated notable efficacy across various cancers, including non-small cell lung cancer, esophageal cancer, and head and neck cancer (1012). The KEYNOTE-966 trial demonstrated that pembrolizumab plus GP could be an effective first-line treatment for patients with ABTC. It resulted in a median overall survival (OS) of 12.7 months and a median progression-free survival (PFS) of 6.5 months, along with improvements in quality of life (QoL) (13). Several national treatment guidelines, such as the 2025 Chinese Society of Clinical Oncology (CSCO) Guidelines and the 2025 National Comprehensive Cancer Network (NCCN) Guidelines (Version 3.0), have included this treatment as a first-line therapy for ABTC. Despite its clinical efficacy, pembrolizumab is a costly therapy characterized by prolonged treatment durations and moderate survival benefits. The uncertainty surrounding its cost-effectiveness restricts its broader application.

Variations in healthcare systems, medical expenses, and payment mechanisms among countries may significantly influence the cost-effectiveness of immune checkpoint inhibitors. Currently, there is limited global economic evaluation of ABTC treatment, as existing cost-effectiveness studies primarily focus on individual countries or a select few, leading to inconsistent conclusions. This study employs a partitioned survival analysis model (PartSA) to conduct a cross-country cost-effectiveness evaluation, incorporating treatment cost and utility data from China, Japan, the United States, and Switzerland. These countries represent varying levels of economic development and healthcare systems. Within this comparative framework, the study aims to assess the economic feasibility and applicability of pembrolizumab in combination with GP for the treatment of ABTC, thereby providing valuable insights to inform clinical decision-making, drug pricing, and policy development.

2 Method

2.1 Target population and clinical data

This study conducted a cost-effectiveness analysis utilizing data from the KEYNOTE-966 trial, a multicenter, randomized, double-blind, placebo-controlled phase III clinical trial. Although Switzerland was not a participant in the KEYNOTE-966 trial, pembrolizumab has been approved for use in the country. Switzerland was included in our cost-effectiveness analysis as a representative high-income setting with transparent pharmaceutical pricing and well-documented health economic parameters. We aligned the target population with the trial cohort, which included patients with previously untreated, unresectable, locally advanced, or metastatic extrahepatic or intrahepatic biliary tract cancer (including gallbladder cancer), exhibiting measurable lesions as defined by the Response Evaluation Criteria in Solid Tumors (RECIST). All patients enrolled had an Eastern Cooperative Oncology Group (ECOG) performance status of one or two, maintained normal organ function, and had an anticipated survival exceeding 3 months.

The KEYNOTE-966 trial comprised 1,069 patients who were randomized into two groups: 533 patients received pembrolizumab (200 mg), while 536 patients received a placebo (200 mg). Each treatment cycle spanned 21 days, with a maximum of 35 cycles for either pembrolizumab or placebo. Both groups also received intravenous gemcitabine (1,000 mg/m2) and cisplatin (25 mg/m2) on Days 1 and 8 of each cycle, with cisplatin limited to a maximum of 8 cycles. Patients with progressive disease (PD) or intolerable toxicity were transitioned to second-line or alternative therapies.

We chose the FOLFOX regimen (oxaliplatin, leucovorin calcium, and fluorouracil) as the second-line therapy, in line with treatment guidelines from the four countries we analyzed. According to the KEYNOTE-966 data, 47% of patients in the pembrolizumab group and 49% in the placebo group underwent second-line treatments. Furthermore, 0.9% of patients in the pembrolizumab group and 1.1% in the placebo group received immunotherapy following disease progression, while the other patients were provided with the best supportive care.

2.2 Model structure

A partitioned survival analysis model was created with TreeAge Pro software. The model categorized patients into three health states: PFS, PD, and death. All patients initially presented in the PFS state and had the potential to transition to either the PD or death state over time. Following disease progression, patients in the PD state were presumed to undergo second-line therapies or alternative treatments until death.

The model employed a 21-day cycle and a time horizon of 10 years, by which point nearly all patients in both groups had transitioned to the death state. Survival data during the trial follow-up period were directly reconstructed from the Kaplan–Meier curves reported in the KEYNOTE-966 trial. The reconstructed OS and PFS curves are shown in Supplementary Figure S1. For extrapolation beyond the trial period, survival curves were fitted and projected using standard parametric methods. Extrapolated OS curves under different statistical distributions are shown in Figure 1, while additional curves are provided in the Supplementary Figure S2. The assessment of cost-effectiveness involved calculating total costs, quality-adjusted life years (QALYs), and incremental cost-effectiveness ratios (ICERs) for the two treatment strategies.

Figure 1
Line graph showing extrapolated overall survival curves for pembrolizumab plus gemcitabine and cisplatin over 120 months. Multiple colored lines represent different statistical models, including Weibull, log-logistic, lognormal, gamma, and exponential. All curves decline over time, with early overlap and increasing divergence after 40 months. Original trial data are included for comparison.

Figure 1. Extrapolated OS Curves of Different Statistical Distributions for Pembrolizumab + Gemcitabine + Cisplatin (Other curves are provided in the Supplementary material).

The willingness-to-pay (WTP) thresholds per QALY were set at $37,663 for China [equivalent to three times China’s per capita GDP in 2024 (14)], $229,044 for the United States [three times the U. S. per capita GDP in 2022 (14)], $49,261 for Japan (15), and $112,250 for Switzerland (16). Exchange rates used were: $1 = 7.1179 CNY; $1 = 0.891 GBP; $1 = 152.25 JPY.

2.3 Clinical data input

Survival data for this study were extracted from the KEYNOTE-966 trial utilizing GetData Graph Digitizer software. Individual patient data (IPD) reconstruction was conducted using R version 4.3.3 software. Five parametric survival distributions—Weibull, Gamma, log-logistic, lognormal, and exponential—were fitted to the reconstructed data. The optimal distribution was determined using the Akaike Information Criterion (AIC) and Bayesian Information Criterion (BIC). Supplementary Tables S1–S3 summarize the final selected distributions and their associated parameters.

2.4 Costs and utility values

This study focused on direct medical costs incurred during treatment, including drug costs, examination costs, disease management costs, best supportive care costs, adverse event (AE) management costs, and end-of-life care costs. After disease progression, patients could receive FOLFOX as second-line therapy, immunotherapy, or best supportive care. The analysis focused on adverse events classified as grade 3 or higher, with an incidence rate of 9% or greater. These events included thrombocytopenia, leukopenia, neutropenia, and anemia. AE costs were only included for the first treatment cycle.

Drug costs were sourced from various country-specific references: in China, they were based on the 2024 average drug prices listed on Yaozhi.com; in Japan, they were derived from the 2024 drug price list published by the Ministry of Health, Labour and Welfare (MHLW); in the United States, costs were based on the 2022 average spending per dose reported by the Centers for Medicare & Medicaid Services (CMS); and in Switzerland, they were obtained from the most recent data published by the Swiss Federal Office of Public Health.

Furthermore, costs associated with disease management, examination, AE management, best supportive care, and end-of-life care, as well as utility values for different health states and disutility values for AEs, were obtained from published literature. Drug costs were calculated based on the average patient body surface area for each country. Discount rates for costs and utilities were established at 5% for China (17), 3% for Japan (18), 3% for the United States (19), and 3% for Switzerland (20, 21). The model costs were converted to US dollars. Key model parameter values are summarized in Table 1, with corresponding parameter ranges provided in Supplementary Table S4.

Table 1
www.frontiersin.org

Table 1. Key model inputs.

2.5 Sensitivity analysis

Deterministic sensitivity analysis (DSA) and probabilistic sensitivity analysis (PSA) were conducted to evaluate the robustness of the model results. Parameter ranges were determined based on 95% confidence intervals or by varying base-case values by ±20% (see Supplementary Table S4 for further details). Results of the one-way DSA were illustrated by tornado diagrams. Five thousand Monte Carlo simulations were performed for PSA. Gamma distributions were applied to cost parameters, while beta distributions were used for probabilities and utility values. PSA results were illustrated using cost-effectiveness acceptability curves (CEACs) and incremental cost-effectiveness scatterplots (ICE scatterplots).

2.6 Scenario analysis

Scenario analysis was conducted to evaluate the effects of pembrolizumab price decreases on cost-effectiveness. Price reductions of pembrolizumab were simulated for China, Japan, the United States, and Switzerland at 10, 20, 30, 40, 50, 60, 70, 80, 90, and 95%. In each price reduction scenario, the ICER was recalculated and compared against the WTP thresholds to assess how price changes affected the economic conclusions.

3 Results

3.1 Base case analysis

Compared to chemotherapy alone, the additional costs for combination therapy in China, Japan, the United States, and Switzerland were $74,621.78, $44,014.83, $160,169.86, and $163,631.09, respectively; the QALY gains were 0.14, 0.14, 0.14, and 0.15, respectively. The cost per additional QALY gained was $542,441.16, $314,213.67, $1,104,628.40, and $1,069,496.82, respectively. When comparing the ICER values of the four countries with their respective WTP thresholds, the results indicated that the ICER values for combination therapy were significantly higher than the WTP thresholds in all four countries (see Table 2).

Table 2
www.frontiersin.org

Table 2. Results of base-case analysis.

3.2 Sensitivity analysis

One-way DSA showed consistent results across countries. The price of pembrolizumab and the utility value for PFS were recognized as critical parameters influencing the ICER. In the United States and Switzerland, the cost of pembrolizumab had the most significant impact on the ICER, while in China and Japan, the PFS utility value had a greater influence on the ICER. Anemia and neutropenia, among other adverse events, also had a significant impact on the ICER results. Within the range of parameter fluctuations, the ICER remained above the WTP thresholds in all countries, consistent with the base case analysis (see Figure 2).

Figure 2
Three tornado diagrams display ICER sensitivity analyses for (a) China, (b) Japan, and (c) the United States. Each diagram shows horizontal bars representing the impact of various parameters, such as cost of pembrolizumab and u_PFS, on ICER values. The x-axes are labeled with ICER values, specific to each country, with estimated values of EV presented beneath each diagram. The diagrams visually compare the influence of each factor across the three countries. Four tornado diagrams illustrating one-way deterministic sensitivity analyses of ICER for (a) China, (b) Japan, (c) the United States, and (d) Switzerland. Each diagram presents horizontal bars showing the impact of key parameters on ICER values, with longer bars indicating greater influence. Key variables include the cost of pembrolizumab, progression-free survival utility (u_PFS), and adverse event probabilities. Blue and red bars indicate positive and negative effects, respectively. X-axes represent country-specific ICER ranges, and expected values (EV) are labeled below each plot. The diagrams compare the drivers of ICER variation across countries.

Figure 2. Tornado diagram of one-way deterministic sensitivity analysis.

The ICE scatterplot of the probabilistic sensitivity analysis results showed that all of the data points were in the first quadrant. This indicates that pembrolizumab not only increased QALYs but also increased the cost for all countries. At current WTP thresholds, all data points were above the threshold line (see Figure 3).

Figure 3
Three ICE scatterplots comparing incremental cost versus incremental effectiveness for China, Japan, and the United States. Each plot is enclosed by an ellipse. China plot shows WTP of 37,663; Japan, 49,261; United States, 229,044. Four ICE scatterplots showing probabilistic sensitivity analysis results for (a) China, (b) Japan, (c) the United States, and (d) Switzerland. Each plot displays blue dots representing 5,000 Monte Carlo simulations of incremental cost (y-axis) versus incremental effectiveness (x-axis) for pembrolizumab plus chemotherapy. A green ellipse encompasses the majority of data points in each country. Dashed black lines represent country-specific willingness-to-pay (WTP) thresholds: 37,663 for China, 49,261 for Japan, 229,044 for the United States, and 112,250 for Switzerland. The scatterplots illustrate cost-effectiveness uncertainty across different economic settings.

Figure 3. Probability sensitivity analysis (ICE scatterplots).

The analysis of the cost-effectiveness acceptability curve revealed that the probability of cost-effectiveness for pembrolizumab in combination with chemotherapy was zero at lower WTP levels. As WTP thresholds increased, the chance of cost-effectiveness progressively improved. Only when WTP significantly increased above USD 1,000,000/QALY did we observe cost-effectiveness in Switzerland and the United States. In China and Japan, the WTP turning points were comparatively lower, at approximately USD 550,000/QALY and USD 320,000/QALY, respectively, indicating some degree of cost-effectiveness. Under the existing WTP levels in each country, the likelihood of cost-effectiveness was nonexistent. These results confirm the robustness of the base case analysis (see Supplementary Figure S3).

3.3 Scenario analysis

The price of pembrolizumab significantly influenced the ICER, with price reductions leading to a gradual decrease. At the WTP thresholds, an 80–90% price reduction in the United States resulted in cost-effectiveness. In Switzerland and Japan, a price reduction of nearly 95% demonstrated economic benefit, while in China, prices needed to decrease by more than 95% for the ICER to approach the WTP threshold (see Figure 4 and Supplementary Table S5).

Figure 4
Line graph showing ICER values across different price reduction percentages for pembrolizumab in China, Japan, the United States, and Switzerland. The x-axis represents price reduction percentage (10% to 95%), and the y-axis shows ICER in dollars. Each country is represented by a solid line for ICER and a dashed horizontal line for its willingness-to-pay (WTP) threshold. ICER values decline linearly with increasing price reductions. The US and Switzerland start with the highest ICERs, while Japan has the lowest. WTP lines vary by country, with ICER crossing the threshold only at high discount levels in some countries.

Figure 4. ICER variation under different price reduction scenarios across countries.

4 Discussion

This study evaluated the cost-effectiveness of pembrolizumab combined with chemotherapy for treating ABTC in China, Japan, the United States and Switzerland. The results showed incremental QALY gains of 0.14 for China, Japan, and the United States, and 0.15 for Switzerland compared to chemotherapy alone. The incremental cost-effectiveness ratios (ICERs) for the four countries were as follows: $542,441.16 for China, $314,213.67 for Japan, $1,104,628.40 for the United States, and $1,069,496.82 for Switzerland, all exceeding their respective WTP thresholds. The results indicate that the treatment is generally not cost-effective under the current economic context.

While our findings are consistent with several prior cost-effectiveness evaluations conducted in China and the United States (22, 23), they differ from the study by Zhu et al. (24), which reported pembrolizumab plus chemotherapy to be cost-effective in China. Although both studies were based on clinical efficacy data from the KEYNOTE-966 trial, the discrepancy in conclusions may be attributed to differences in model structure and cost input sources. Zhu et al. employed a Markov model and derived cost parameters from real-world drug prices in China. In contrast, our analysis applied a partitioned survival model (PSM), used national average drug prices from Yaozhi.com for China, and incorporated officially published pricing data for Japan, the United States, and Switzerland. By implementing a consistent modeling strategy and harmonized cost assumptions across all four countries, this study minimized the impact of structural variability and provides complementary cross-national evidence on the economic value of pembrolizumab. Although the same modeling framework was used across all settings, the observed differences in cost-effectiveness primarily reflect variations in drug pricing, healthcare expenditure levels, and country-specific WTP thresholds.

As the KEYNOTE-966 trial did not report specific utility values and substantial variation exists across national healthcare systems, we adopted utility values from country-specific pharmacoeconomic literature. These values were primarily derived using the EQ-5D instrument and extracted from published economic evaluations of other cancer types. In the absence of BTC-specific utility data, we referenced malignancies such as hepatocellular carcinoma, gastric cancer, and non-small-cell lung cancer, which exhibit partially comparable characteristics in terms of disease progression, treatment strategies, and health-related quality of life (HRQoL) impacts. The slightly higher incremental QALY observed in Switzerland may be attributed to the use of utility values derived from lung cancer, which tend to be higher than those from more comparable cancers. This proxy-based approach has been widely applied in previous pharmacoeconomic studies and is generally considered both methodologically valid and practically feasible (2527). As a core input in cost-utility analysis, utility values significantly affect model outcomes, as further confirmed by our sensitivity analyses.

The sensitivity analysis indicated that the results were stable, with drug price and the utility value of PFS as the primary drivers of ICER. Future research on BTC-specific utility values may play a key role in improving the accuracy and applicability of related economic evaluations. Scenario analysis simulated price reductions for pembrolizumab ranging from 10 to 95%. The results indicated that a price decrease of 80–95% would be required for the ICER to approach the WTP thresholds in the United States, Japan, and Switzerland, suggesting potential cost-effectiveness under these scenarios. In contrast, for China, price reductions surpassing 95% would be necessary to bring the ICER closer to the WTP thresholds.

In China, the National Healthcare Security Administration (NHSA) negotiates with pharmaceutical companies to include innovative and cost-effective drugs in the National Reimbursement Drug List (NRDL), often resulting in significant price reductions (28). In the 2024 NRDL negotiations, non-reimbursed drugs achieved an average price reduction of 63.0%, and in 2020, the price of camrelizumab dropped by 85.2% after inclusion in the NRDL. Additionally, China’s “1+3+N” model has established a multi-layered healthcare system to ensure universal health coverage. The healthcare system in Japan is distinct from other countries. The Ministry of Health, Labour and Welfare (MHLW) regularly sets and updates drug prices, while national health insurance covers 70–90% of medical costs (29, 30). In the United States, Medicare typically covers 80% of medical expenses, with patients responsible for the remaining 20%. In Switzerland, healthcare reimbursement covers 70–90% of costs exceeding the deductible, with a patient out-of-pocket limit. These strategies help reduce patient financial burdens and improve drug accessibility. However, BTC indications have not yet widely adopted pembrolizumab and other innovative drugs, and reimbursement policies remain insufficient.

The findings of the TOPAZ-1 trial further support the efficacy of immunotherapy in BTC. For instance, durvalumab combined with chemotherapy showed favorable clinical outcomes in ABTC. However, a study by Ye et al. (31) showed that durvalumab combined with chemotherapy was not cost-effective either in the United States or China. Moreover, an international cost-effectiveness study of durvalumab for unresectable non-small-cell lung cancer reported high treatment costs in countries including the United States, Brazil, Singapore, and Spain (32). These findings highlight the misalignment between the high prices of immunotherapies and patients’ financial capacities, which remains a critical barrier to the widespread adoption of innovative treatments. A policy report by the NCCN also pointed out that the combination of high drug prices and delayed reimbursement systems remains a key barrier for cancer patients in accessing innovative treatments, emphasizing the urgent need for targeted solutions (33).

To improve the economic feasibility of immunotherapy regimens, countries should tailor multi-layered policy strategies to their specific healthcare systems. Key measures include strengthening drug price negotiations, adopting outcome-based payment models, expanding reimbursement coverage, and increasing reimbursement rates. Additionally, international collaboration on drug pricing could provide valuable insights, enhancing the accessibility of immunotherapy and reducing the financial burden on patients. These efforts could accelerate the global adoption of immunotherapy for cancer treatment.

This study has several limitations. First, we did not fully account for individual patient differences, disease progression heterogeneity, and BTC subtype diversity. Second, cost and utility data were derived from published literature, which may reflect regional variations. Although using EQ-5D data collected in the KEYNOTE-966 trial would have provided more representative and internally valid utility estimates for each health state, individual-level utility data were not publicly available at the time of our analysis, and EQ-5D-related quality-of-life outcomes had not been published in any Supplementary material or separate articles. Third, adverse event costs were only included for the initial treatment cycle. Differences in exchange rates and healthcare standards across countries may also have influenced the results. In addition, the model did not incorporate real-world long-term follow-up data. Survival curves were constructed based on the overall trial population rather than country-specific subgroups; given the known regional disparities in BTC epidemiology, this may limit the precision of cross-country comparisons.

Future research should include large-scale, multicenter, prospective trials and stratified analyses of BTC patients to provide more comprehensive global cost-effectiveness evaluations. Incorporating country-specific survival data in future models could further enhance the accuracy and comparability of cross-national economic evaluations. Furthermore, integrating trial-based EQ-5D utility data from KEYNOTE-966, once available, will be essential to improve the methodological robustness of health utility estimation.

5 Conclusion

Combining pembrolizumab with chemotherapy demonstrates promising clinical efficacy in treating ABTC. Nevertheless, given current drug pricing and WTP thresholds, its cost-effectiveness remains limited. Optimizing drug prices and healthcare policies is essential to enhance the global economic viability of this treatment.

Data availability statement

The original contributions presented in the study are included in the article/Supplementary material, further inquiries can be directed to the corresponding author.

Ethics statement

Ethical approval was not required for the study involving humans in accordance with the local legislation and institutional requirements. Written informed consent to participate in this study was not required from the participants or the participants’ legal guardians/next of kin in accordance with the national legislation and the institutional requirements.

Author contributions

YX: Data curation, Visualization, Project administration, Validation, Methodology, Software, Conceptualization, Investigation, Writing – original draft. QL: Project administration, Writing – original draft, Visualization, Methodology, Supervision, Conceptualization. SX: Conceptualization, Validation, Writing – review & editing, Project administration, Methodology, Formal analysis, Supervision. XL: Writing – review & editing, Data curation, Supervision, Conceptualization, Project administration, Validation. LQ: Writing – review & editing, Methodology, Project administration, Conceptualization, Supervision. YG: Writing – review & editing, Funding acquisition, Supervision, Conceptualization, Project administration.

Funding

The author(s) declare that financial support was received for the research and/or publication of this article. This study was supported by the Yunnan Provincial Department of Science and Technology Science and Technology Program Fund (Grant No. 202001BA070001-206) and the Dali City Bureau of Industry, Information Technology, and Science and Technology Science Plan Project (Grant No. 2024KBG066).

Conflict of interest

The authors declare that the research was conducted in the absence of any commercial or financial relationships that could be construed as a potential conflict of interest.

Generative AI statement

The authors declare that no Gen AI was used in the creation of this manuscript.

Publisher’s note

All claims expressed in this article are solely those of the authors and do not necessarily represent those of their affiliated organizations, or those of the publisher, the editors and the reviewers. Any product that may be evaluated in this article, or claim that may be made by its manufacturer, is not guaranteed or endorsed by the publisher.

Supplementary material

The Supplementary material for this article can be found online at: https://www.frontiersin.org/articles/10.3389/fpubh.2025.1597550/full#supplementary-material

References

1. Chen, W, Hu, Z, Song, J, Wu, Y, Zhang, B, and Zhang, L. The state of therapy modalities in clinic for biliary tract cancer. Front Biosci (Landmark Ed). (2022) 27:185. doi: 10.31083/j.fbl2706185

PubMed Abstract | Crossref Full Text | Google Scholar

2. Banales, JM, Marin, JJG, Lamarca, A, Rodrigues, PM, Khan, SA, Roberts, LR, et al. Cholangiocarcinoma 2020: the next horizon in mechanisms and management. Nat Rev Gastroenterol Hepatol. (2020) 17:557–88. doi: 10.1038/s41575-020-0310-z

PubMed Abstract | Crossref Full Text | Google Scholar

3. Khan, SA, Thomas, HC, Davidson, BR, and Taylor-Robinson, SD. Cholangiocarcinoma. Lancet. (2005) 366:1303–14. doi: 10.1016/S0140-6736(05)67530-7

PubMed Abstract | Crossref Full Text | Google Scholar

4. Wang, QB, Li, J, Zhang, ZJ, Li, YK, Liang, YB, Chen, XM, et al. The effectiveness and safety of therapies for hepatocellular carcinoma with tumor thrombus in the hepatic vein, inferior vena cava and/or right atrium: a systematic review and single-arm meta-analysis. Expert Rev Anticancer Ther. (2025) 25:561–70. doi: 10.1080/14737140.2025.2489651

PubMed Abstract | Crossref Full Text | Google Scholar

5. Li, J, Liang, YB, Wang, QB, Li, YK, Chen, XM, Luo, WL, et al. Tumor-associated lymphatic vessel density is a postoperative prognostic biomarker of hepatobiliary cancers: a systematic review and meta-analysis. Front Immunol. (2025) 15:1519999. doi: 10.3389/fimmu.2024.1519999

PubMed Abstract | Crossref Full Text | Google Scholar

6. Tsen, A, Barbara, M, and Rosenkranz, L. Dilemma of elevated CA 19-9 in biliary pathology. Pancreatology. (2018) 18:862–7. doi: 10.1016/j.pan.2018.09.004

PubMed Abstract | Crossref Full Text | Google Scholar

7. Fiteni, F, Nguyen, T, Vernerey, D, Paillard, MJ, Kim, S, Demarchi, M, et al. Cisplatin/gemcitabine or oxaliplatin/gemcitabine in the treatment of advanced biliary tract cancer: a systematic review. Cancer Med. (2014) 3:1502–11. doi: 10.1002/cam4.299

PubMed Abstract | Crossref Full Text | Google Scholar

8. Valle, J, Wasan, H, Palmer, D, Cunningham, D, Anthoney, A, Maraveyas, A, et al. Cisplatin plus gemcitabine versus gemcitabine for biliary tract cancer. N Engl J Med. (2010) 362:1273–81. doi: 10.1056/NEJMoa0908721

PubMed Abstract | Crossref Full Text | Google Scholar

9. Daud, AI, Wolchok, JD, Robert, C, Hwu, WJ, Weber, JS, Ribas, A, et al. Programmed death-ligand 1 expression and response to the anti-programmed death 1 antibody pembrolizumab in melanoma. J Clin Oncol. (2016) 34:4102–9. doi: 10.1200/JCO.2016.67.2477

PubMed Abstract | Crossref Full Text | Google Scholar

10. Morimoto, K, Moriwaki, K, Shimozuma, K, and Nakayama, T. Cost-effectiveness analysis of nivolumab plus chemotherapy vs chemotherapy for patients with unresectable advanced or metastatic HER2-negative gastric or gastroesophageal junction or esophageal adenocarcinoma in Japan. J Gastroenterol. (2023) 58:1188–97. doi: 10.1007/s00535-023-02041-3

PubMed Abstract | Crossref Full Text | Google Scholar

11. Rudin, CM, Awad, MM, Navarro, A, Gottfried, M, Peters, S, Csőszi, T, et al. Pembrolizumab or placebo plus etoposide and platinum as first-line therapy for extensive-stage small-cell lung Cancer: randomized, double-blind, phase III KEYNOTE-604 study. J Clin Oncol. (2020) 38:2369–79. doi: 10.1200/JCO.20.00793

PubMed Abstract | Crossref Full Text | Google Scholar

12. Sun, JM, Shen, L, Shah, MA, Enzinger, P, Adenis, A, Doi, T, et al. Pembrolizumab plus chemotherapy versus chemotherapy alone for first-line treatment of advanced oesophageal cancer (KEYNOTE-590): a randomised, placebo-controlled, phase 3 study. Lancet. (2021) 398:759–71. doi: 10.1016/S0140-6736(21)01234-4

PubMed Abstract | Crossref Full Text | Google Scholar

13. Kelley, RK, Ueno, M, Yoo, C, Finn, RS, Furuse, J, Ren, Z, et al. Pembrolizumab in combination with gemcitabine and cisplatin compared with gemcitabine and cisplatin alone for patients with advanced biliary tract cancer (KEYNOTE-966): a randomised, double-blind, placebo-controlled, phase 3 trial. Lancet. (2023) 401:1853–65. doi: 10.1016/S0140-6736(23)00727-4

PubMed Abstract | Crossref Full Text | Google Scholar

14. Cameron, D, Ubels, J, and Norström, F. On what basis are medical cost-effectiveness thresholds set? Clashing opinions and an absence of data: a systematic review. Glob Health Action. (2018) 11:1447828. doi: 10.1080/16549716.2018.1447828

PubMed Abstract | Crossref Full Text | Google Scholar

15. Hasegawa, M, Komoto, S, Shiroiwa, T, and Fukuda, T. Formal implementation of cost-effectiveness evaluations in Japan: a unique health technology assessment system. Value Health. (2020) 23:43–51. doi: 10.1016/j.jval.2019.10.005

PubMed Abstract | Crossref Full Text | Google Scholar

16. Panje, CM, Lupatsch, JE, Barbier, M, Pardo, E, Lorez, M, Dedes, KJ, et al. A cost-effectiveness analysis of consolidation immunotherapy with durvalumab in stage III NSCLC responding to definetive radiochemotherapy in Switzerland. Ann Oncol. (2020) 31:501–6. doi: 10.1016/j.annonc.2020.01.007

PubMed Abstract | Crossref Full Text | Google Scholar

17. Zhao, M, Pan, X, Yin, Y, Hu, H, Wei, J, Bai, Z, et al. Cost-effectiveness analysis of five systemic treatments for Unresectable hepatocellular carcinoma in China: an economic evaluation based on network Meta-analysis. Front Public Health. (2022) 10:869960. doi: 10.3389/fpubh.2022.869960

PubMed Abstract | Crossref Full Text | Google Scholar

18. Walker, DG, Hutubessy, R, and Beutels, P. WHO guide for standardisation of economic evaluations of immunization programmes. Vaccine. (2010) 28:2356–9. doi: 10.1016/j.vaccine.2009.06.035

PubMed Abstract | Crossref Full Text | Google Scholar

19. Sanders, GD, Neumann, PJ, Basu, A, Brock, DW, Feeny, D, Krahn, M, et al. Recommendations for conduct, methodological practices, and reporting of cost-effectiveness analyses: second panel on cost-effectiveness in health and medicine. JAMA. (2016) 316:1093–103. doi: 10.1001/jama.2016.12195

PubMed Abstract | Crossref Full Text | Google Scholar

20. Barbier, MC, Fengler, A, Pardo, E, Bhadhuri, A, Meier, N, and Gautschi, O. Cost effectiveness and budget impact of Nivolumab plus Ipilimumab versus platinum plus Pemetrexed (with and without bevacizumab) in patients with Unresectable malignant pleural mesothelioma in Switzerland. PharmacoEconomics. (2023) 41:1641–55. doi: 10.1007/s40273-023-01305-3

PubMed Abstract | Crossref Full Text | Google Scholar

21. Paly, VF, Hikichi, Y, Baker, T, Itakura, E, Chandran, N, and Harrison, J. Economic evaluation of nivolumab combined with ipilimumab in the first-line treatment of advanced melanoma in Japan. J Med Econ. (2020) 23:1542–52. doi: 10.1080/13696998.2020.1830781

PubMed Abstract | Crossref Full Text | Google Scholar

22. Luo, X, Cai, T, Wu, J, Li, X, Wang, X, and Ma, H. Cost-effectiveness of pembrolizumab plus chemotherapy vs. chemotherapy as first-line treatment for advanced biliary tract cancer in China and the US. Front Pharmacol. (2024) 15:1393559. doi: 10.3389/fphar.2024.1393559

PubMed Abstract | Crossref Full Text | Google Scholar

23. Zheng, Z, Fang, L, and Cai, H. Cost-effectiveness analysis of pembrolizumab in combination with chemotherapy compared with chemotherapy alone as first-line treatment for patients with advanced biliary tract cancer in China. BMC Cancer. (2023) 23:823. doi: 10.1186/s12885-023-11255-w

PubMed Abstract | Crossref Full Text | Google Scholar

24. Zhu, Y, Liu, K, and Zhu, H. Immune checkpoint inhibitor for patients with advanced biliary tract cancer: a cost-effectiveness analysis. Liver Int. (2023) 43:2292–301. doi: 10.1111/liv.15699

PubMed Abstract | Crossref Full Text | Google Scholar

25. Lian, D, Gan, Y, Xiao, D, Xuan, D, Chen, Y, and Yang, Y. Toripalimab plus chemotherapy in American patients with recurrent or metastatic nasopharyngeal carcinoma: a cost-effectiveness analysis. Cancer Med. (2024) 13:e7243. doi: 10.1002/cam4.7243

PubMed Abstract | Crossref Full Text | Google Scholar

26. Yang, L, Song, X, Zeng, W, Zheng, Z, and Lin, W. First-line nivolumab plus ipilimumab for unresectable MPM in China: a cost-effectiveness analysis. Orphanet J Rare Dis. (2023) 18:326. doi: 10.1186/s13023-023-02925-w

PubMed Abstract | Crossref Full Text | Google Scholar

27. Ackroyd, SA, Huang, ES, Kurnit, KC, and Lee, NK. Pembrolizumab and lenvatinib versus carboplatin and paclitaxel as first-line therapy for advanced or recurrent endometrial cancer: a Markov analysis. Gynecol Oncol. (2021) 162:249–55. doi: 10.1016/j.ygyno.2021.05.038

PubMed Abstract | Crossref Full Text | Google Scholar

28. National Healthcare Security Administration (NHSA) . (2024). Available online at: https://www.nhsa.gov.cn/ (accessed December 24, 2024).

Google Scholar

29. Ikegami, N . Japan: achieving UHC by regulating payment. Glob Health. (2019) 15:72. doi: 10.1186/s12992-019-0524-4

PubMed Abstract | Crossref Full Text | Google Scholar

30. Ebi, H, and Bando, H. Precision oncology and the universal health coverage system in Japan. JCO Precis Oncol. (2019) 3:PO.19.00291. doi: 10.1200/PO.19.00291

PubMed Abstract | Crossref Full Text | Google Scholar

31. Ye, ZM, Xu, Z, Li, H, and Li, Q. Cost-effectiveness analysis of durvalumab plus chemotherapy as first-line treatment for biliary tract cancer. Front Public Health. (2023) 11:1046424. doi: 10.3389/fpubh.2023.1046424

PubMed Abstract | Crossref Full Text | Google Scholar

32. Kareff, SA, Han, S, Haaland, B, Jani, CJ, Kohli, R, Aguiar, PN, et al. International cost-effectiveness analysis of durvalumab in stage III non-small cell lung cancer. JAMA Netw Open. (2024) 7:e2413938. doi: 10.1001/jamanetworkopen.2024.13938

PubMed Abstract | Crossref Full Text | Google Scholar

33. Schatz, AA, Prejsnar, KW, McCanney, J, Gutierrez, M, Joho, S, Alvarnas, J, et al. Policy strategies for the “new normal” in healthcare to ensure access to high-quality cancer care. J Natl Compr Cancer Netw. (2019) 17:105–9. doi: 10.6004/jnccn.2018.7267

PubMed Abstract | Crossref Full Text | Google Scholar

34. Health industry and big data service empowerment platform . (2024). Available online at: https://www.yaozh.com/ (accessed December 24, 2024).

Google Scholar

35. Ministry of Health, Labour and Welfare, Japan . (2024). Available online at: https://www.mhlw.go.jp/index.html (accessed December 24, 2024).

Google Scholar

36. Centers for Medicare & Medicaid Services (CMS) . (2024). Available online at: https://data.cms.gov/ (accessed December 24, 2024).

Google Scholar

37. BAG B für G. Federal Office of Public Health (FOPH), Switzerland . (2024). Available online at: https://www.bag.admin.ch (accessed December 24, 2024).

Google Scholar

38. Yang, F, Fu, Y, Kumar, A, Chen, M, and Si, L. Cost-effectiveness analysis of camrelizumab in the second-line treatment for advanced or metastatic esophageal squamous cell carcinoma in China. Ann Transl Med. (2021) 9:1226. doi: 10.21037/atm-21-1803

PubMed Abstract | Crossref Full Text | Google Scholar

39. Chisaki, Y, Nakano, H, Minamide, J, and Yano, Y. Cost-effectiveness analysis of Atezolizumab versus platinum-based chemotherapy as first-line treatment for patients with Unresectable advanced non-small cell lung Cancer with PD-L1 expression status in Japan. Clin Drug Investig. (2023) 43:839–50. doi: 10.1007/s40261-023-01311-5

PubMed Abstract | Crossref Full Text | Google Scholar

40. Wong, W, Yim, YM, Kim, A, Cloutier, M, Gauthier-Loiselle, M, Gagnon-Sanschagrin, P, et al. Assessment of costs associated with adverse events in patients with cancer. PLoS One. (2018) 13:e0196007. doi: 10.1371/journal.pone.0196007

PubMed Abstract | Crossref Full Text | Google Scholar

41. Arjun, B, Ralph, I, Patrik, G, Panje, C, and Schwenkglenks, M. Cost effectiveness of pembrolizumab vs chemotherapy as first-line treatment for metastatic NSCLC that expresses high levels of PD-L1 in Switzerland. Swiss Med Wkly. (2019) 149:w20170. doi: 10.4414/smw.2019.20170

Crossref Full Text | Google Scholar

42. Chisaki, Y, Kuwada, Y, Matsumura, C, and Yano, Y. Cost-effectiveness analysis of atezolizumab plus nab-paclitaxel for advanced PD-L1 positive triple-negative breast cancer in Japan. Clin Drug Investig. (2021) 41:381–9. doi: 10.1007/s40261-021-01017-6

PubMed Abstract | Crossref Full Text | Google Scholar

43. Favre-Bulle, A, Huang, M, Haiderali, A, and Bhadhuri, A. Cost-effectiveness of neoadjuvant pembrolizumab plus chemotherapy followed by adjuvant Pembrolizumab in patients with high-risk, early-stage, triple-negative breast Cancer in Switzerland. Pharmacoecon Open. (2024) 8:91–101. doi: 10.1007/s41669-023-00445-8

PubMed Abstract | Crossref Full Text | Google Scholar

44. Wan, N, Zhang, TT, Hua, SH, Lu, ZL, Ji, B, Li, LX, et al. Cost-effectiveness analysis of pembrolizumab plus chemotherapy with PD-L1 test for the first-line treatment of NSCLC. Cancer Med. (2020) 9:1683–93. doi: 10.1002/cam4.2793

PubMed Abstract | Crossref Full Text | Google Scholar

45. Zhao, Q, Xie, R, Zhong, W, Liu, W, Chen, T, Qiu, X, et al. Cost-effectiveness analysis of adding durvalumab to chemotherapy as first-line treatment for advanced biliary tract cancer based on the TOPAZ-1 trial. Cost Eff Resour Alloc. (2023) 21:19. doi: 10.1186/s12962-023-00429-9

PubMed Abstract | Crossref Full Text | Google Scholar

46. Kashiwa, M . Comparative cost-effectiveness of nivolumab first-line and second-line therapy for advanced esophageal cancer in Japan. Eur J Health Econ. (2024) 25:459–70. doi: 10.1007/s10198-023-01602-w

PubMed Abstract | Crossref Full Text | Google Scholar

47. Carr, BI, Carroll, S, Muszbek, N, and Gondek, K. Economic evaluation of sorafenib in unresectable hepatocellular carcinoma. J Gastroenterol Hepatol. (2010) 25:1739–46. doi: 10.1111/j.1440-1746.2010.06404.x

PubMed Abstract | Crossref Full Text | Google Scholar

48. Pfeil, AM, Reich, O, Guerra, IM, Cure, S, Negro, F, Müllhaupt, B, et al. Cost-effectiveness analysis of sofosbuvir compared to current standard treatment in Swiss patients with chronic hepatitis C. PLoS One. (2015) 10:e0126984. doi: 10.1371/journal.pone.0126984

PubMed Abstract | Crossref Full Text | Google Scholar

49. Chen, R, Zhang, Y, Lin, K, Huang, D, You, M, Lai, Y, et al. Cost-effectiveness analysis of capecitabine plus oxaliplatin versus gemcitabine plus oxaliplatin as first-line therapy for advanced biliary tract cancers. Front Pharmacol. (2022) 13:871262. doi: 10.3389/fphar.2022.871262

PubMed Abstract | Crossref Full Text | Google Scholar

50. Kashiwa, M, and Matsushita, R. Comparative cost-effectiveness of aflibercept and ramucirumab in combination with irinotecan and fluorouracil-based therapy for the second-line treatment of metastatic colorectal cancer in Japan. Clin Ther. (2020) 42:1361–75. doi: 10.1016/j.clinthera.2020.05.013

PubMed Abstract | Crossref Full Text | Google Scholar

51. Ding, D, Hu, H, Li, S, Zhu, Y, Shi, Y, Liao, M, et al. Cost-effectiveness analysis of durvalumab plus chemotherapy in the first-line treatment of extensive-stage small cell lung cancer. J Natl Compr Cancer Netw. (2021) 19:1141–7. doi: 10.6004/jnccn.2020.7796

PubMed Abstract | Crossref Full Text | Google Scholar

52. Kurimoto, M, Kimura, M, Usami, E, Iwai, M, Hirose, T, Kawachi, S, et al. Comparing the cost-effectiveness of FOLFIRINOX, nab-paclitaxel plus gemcitabine, gemcitabine and S-1 for the treatment of metastatic pancreatic cancer. Mol Clin Oncol. (2017) 7:125–30. doi: 10.3892/mco.2017.1278

PubMed Abstract | Crossref Full Text | Google Scholar

53. Rui, M, Fei, Z, Wang, Y, Zhang, X, Ma, A, Sun, H, et al. Cost-effectiveness analysis of sintilimab + chemotherapy versus camrelizumab + chemotherapy for the treatment of first-line locally advanced or metastatic nonsquamous NSCLC in China. J Med Econ. (2022) 25:618–29. doi: 10.1080/13696998.2022.2071066

PubMed Abstract | Crossref Full Text | Google Scholar

54. Kashiwa, M, and Maeda, H. Comparative cost-effectiveness of gemcitabine and cisplatin in combination with S-1, durvalumab, or pembrolizumab as first-line triple treatment for advanced biliary tract cancer. J Gastrointest Cancer. (2024) 55:1569–80. doi: 10.1007/s12029-024-01106-7

PubMed Abstract | Crossref Full Text | Google Scholar

55. Su, D, Wu, B, and Shi, L. Cost-effectiveness of atezolizumab plus bevacizumab vs sorafenib as first-line treatment of unresectable hepatocellular carcinoma. JAMA Netw Open. (2021) 4:e210037. doi: 10.1001/jamanetworkopen.2021.0037

PubMed Abstract | Crossref Full Text | Google Scholar

56. Takushima, Y, Igarashi, A, Yoshihara, H, Shitara, K, and Doi, T. Cost-effectiveness of trifluridine/tipiracil against nivolumab for heavily pretreated metastatic gastric cancer in Japan. Jpn J Clin Oncol. (2021) 51:1383–90. doi: 10.1093/jjco/hyab086

PubMed Abstract | Crossref Full Text | Google Scholar

57. Gu, X, Zhang, Q, Chu, YB, Zhao, YY, Zhang, YJ, Kuo, D, et al. Cost-effectiveness of afatinib, gefiti-nib, erlotinib and pemetrexed-based chemotherapy as first-line treatments for advanced non-small cell lung cancer in China. Lung Cancer. (2019) 127:84–9. doi: 10.1016/j.lungcan.2018.11.029

PubMed Abstract | Crossref Full Text | Google Scholar

58. Pei, R, Shi, Y, Lv, S, Dai, T, Zhang, F, Liu, S, et al. Nivolumab vs pembrolizumab for treatment of US patients with platinum-refractory recurrent or metastatic head and neck squamous cell carcinoma: a network meta-analysis and cost-effectiveness analysis. JAMA Netw Open. (2021) 4:e218065. doi: 10.1001/jamanetworkopen.2021.8065

PubMed Abstract | Crossref Full Text | Google Scholar

Keywords: biliary tract cancer, pembrolizumab, immune checkpoint inhibitors, multinational economic evaluation, cost-effectiveness analysis

Citation: Xie Y, Liu Q, Xiao S, Li X, Qiu L and Gu Y (2025) Multinational cost-effectiveness analysis of pembrolizumab combined with chemotherapy as first-line treatment for advanced biliary tract cancer. Front. Public Health. 13:1597550. doi: 10.3389/fpubh.2025.1597550

Received: 21 March 2025; Accepted: 22 July 2025;
Published: 11 August 2025.

Edited by:

Ijeoma Edoka, Wits Health Consortium (WHC), South Africa

Reviewed by:

Zhengyang Fei, China Pharmaceutical University, China
Feng Zhang, Nanjing University of Chinese Medicine, China
Yang Ke, Kunming Medical University, China
Heather Lynne Fraser, University of Glasgow, United Kingdom
Ciaran Kohli-Lynch, Northwestern University, United States

Copyright © 2025 Xie, Liu, Xiao, Li, Qiu and Gu. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) and the copyright owner(s) are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.

*Correspondence: Yun Gu, MTM1Mjk2NTMwODhAMTYzLmNvbQ==

Disclaimer: All claims expressed in this article are solely those of the authors and do not necessarily represent those of their affiliated organizations, or those of the publisher, the editors and the reviewers. Any product that may be evaluated in this article or claim that may be made by its manufacturer is not guaranteed or endorsed by the publisher.